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Thrilling Thursday - Another Webinar, Another $1,000 Profit

Phil Davis | Posted 02.04.2016 | Business
Phil Davis

That's right, we did it again! Yesterday's Live Trading Webinar was open to the public (see yesterday's post) and, during the sessio...

Which Way Wednesday - Groundhog Day Again!

Phil Davis | Posted 02.03.2016 | Business
Phil Davis

I was almost going to just put up my Jan 13th post again.   That one was titled "Weak Bounce Wednesday" and we opened that d...

BlackRock CEO Wants Companies To Stop Quarterly Earnings Estimates

The Huffington Post | Ben Walsh | Posted 02.02.2016 | Business

The stock market is about information -- figuring out which companies will do well and which will do poorly, and how much investors should pay to own...

Monday Mandarin Manufacturing Meltdown

Phil Davis | Posted 02.01.2016 | Business
Phil Davis

Oh no, there goes China again!   This weekend it was more horrific PMI numbers out of China as January manufacturing activity con...

Free Money Friday - Japan Goes Negative and "Saves" Asia (for now)

Phil Davis | Posted 01.29.2016 | Business
Phil Davis

More free money? No, the BOJ did not increase stimulus this morning.  What they did is join Switzerland, Denmark and Sweden in the negative...

Which Way Wednesday - Waiting on the Fed

Phil Davis | Posted 01.27.2016 | Business
Phil Davis

Waiting to cut out the deadwood Waiting to clean up the city Waiting to weed out the weaklings Waiting for the final solution To str...

Meaningless Monday - Waiting on the Fed (again)

Phil Davis | Posted 01.25.2016 | Business
Phil Davis

Nothing really matters Anyone can see Nothing really matters nothing really matters to me - Queen  Is this the real li...

Fabulous Friday -- Everything is Awesome Again

Phil Davis | Posted 01.22.2016 | Business
Phil Davis

Next Wednesday is the Fed Meeting and ANYTHING can happen there and it's widely expected that China will do SOMETHING over the weekend and, if they don't - we could get right back to having a rough ride but, for now - enjoy the bounce!

Thursday Fervor -- Draghi Catches the Markets as They Fall

Phil Davis | Posted 01.21.2016 | Business
Phil Davis

So the Nasdaq and the S&P are the only major indexes not to have gone negative (so far) but both are on the edge and, if they fail to hold their Must Hold lines - there's no reason to think they aren't going to join their brother indexes in stock market Hell.

China's Monetary Meltdown -- CASH!!! Remains King

Phil Davis | Posted 01.20.2016 | Business
Phil Davis

Have I mentioned how much I like CASH!!! lately? Apparently, so do the traders in China, so much so that the Nation's foreign-exchange reserves dropped by record amounts.

Turnaround Tuesday? Checking Those Bounce Lines

Phil Davis | Posted 01.19.2016 | Business
Phil Davis

Well, it's been a rotten month. All of our sectors are down, other than Utilites, and they are still down 3.4% over the last 6 months so tha...

Fearful Thursday -- Are the Markets DOOMED? Breaking Down the Dow

Phil Davis | Posted 01.14.2016 | Business
Phil Davis

The good news is we can call a bottom here (16,000) but the bad news is we're not likely to go anywhere from here and what goes for the Dow likely goes for the other indexes as well.

Weak Bounce Wednesday

Phil Davis | Posted 01.13.2016 | Business
Phil Davis

It's entirely possible, since it benefits the most Fund Managers, that we pop 2.5 percent and end up even for the month -- right back where we started when they sold all those option contracts on Dec 18th.

Turnaround Tuesday - Turkey Terrorism Tests the Tape

Phil Davis | Posted 01.12.2016 | Business
Phil Davis

I told you so.   I titled yesterday's post "Meaningless Monday Market Movement" and, despite the gyrations, it certainly was....

Meaningless Monday Market Movement

Phil Davis | Posted 01.11.2016 | Business
Phil Davis

Get ready for not much. All is relatively calm this morning as traders try to digest last week's exciting events.

U.S. Stocks Tumble Again After More Chinese Turmoil

The Huffington Post | Ben Walsh | Posted 01.07.2016 | Business

Chinese stock markets packed enough drama for a few months into a spectacularly condensed half-hour collapse on Thursday. And as they did e...

Thursday Thoughts - Have I Mentioned How Much I Like CASH!!! Lately?

Phil Davis | Posted 01.07.2016 | Business
Phil Davis

CASH!!!  It's almost a joke how many times I said that last quarter to our Members and in our morning posts.  I have said "CA...

Waterfalling Wednesday - Down 5% in First 3 Days of 2016?

Phil Davis | Posted 01.06.2016 | Business
Phil Davis

Down 5% already?  This has been one ugly week already and we're only at the beginning of day 3!  Our Futures are, at the mome...

S&P 2,000 Tuesday - Turnaround or Turn Down?

Phil Davis | Posted 01.05.2016 | Business
Phil Davis

Would it be too early to call the year yet?   "As goes January, so goes the market" is something a lot of traders believe and we&...

U.S. Stocks Fall After Chinese Markets Plummet

The Huffington Post | Ben Walsh | Posted 01.04.2016 | Business

Last year, steep declines in Chinese stocks were periodically followed by dramatic, if less severe, declines in U.S. and European stocks. On 2016's f...

Wednesday Warning - Put/Call Ratios Go Ballistic into Year End

Phil Davis | Posted 12.23.2015 | Business
Phil Davis

Here's an indicator that has successfully predicted major market corrections: It's the so-called "Smart Money Indicator" ...

Merry Monday Market Moves -- Short Week Ahead!

Phil Davis | Posted 12.21.2015 | Business
Phil Davis

We have only 3.5 days left before the U.S. markets (and who cares about any others?) close at 1pm on Thursday for Christmas, though that doesn't stop us from cramming in a whole lot of Economic Data this week.

$11,500 Friday -- Our Free Picks Win Christmas!

Phil Davis | Posted 12.18.2015 | Business
Phil Davis

This morning we flipped positive on the indexes as well as on Natural Gas Futures (/NG) at $1.73 and Oil Futures (/CL) at $36. You can find those levels by checking out our morning Tweet, but we don't do those very often - nor do we always make free picks - it's just Christmas and we can afford to be generous.

Federal Follow-Through Thursday: The View From the Top

Phil Davis | Posted 12.17.2015 | Business
Phil Davis

60 points. That's the difference between where the S&P was Tuesday morning, when I warned "The Joke's on You if You are Buying this Rally" and where we are now.

Twisty Tuesday - The Jokes on You if You are Buying This "Rally"

Phil Davis | Posted 12.15.2015 | Business
Phil Davis

What a joke this market is becoming! As you can see from Dave Fry's SPY chart, the S&P finished up 0.5% for the day after an amazing 10-...